Law Firm in India

Estate Planning Law Firm
Estate Planning Lawyers

Estate planning is the preparation of tasks that serve to manage an individual's asset base in the event of their incapacitation or death. Estates are planned either on the foundation of a will or a trust. Various strategies can be used to limit taxes on an estate, from creating trusts to making charitable donations. Estate planning, therefore, depends on the wealth and succession planning of the owner and differs from case to case. While a will might suit one form of estate, a trust may be more beneficial for another.  

 

How We May Assist You

India Law Offices has a well-defined team of professionals having expertise and know-how in estate planning. We provide assistance with handling all the procedures and documentations involved in different types of estate planning methods – such as wills and/or trusts. Our team can provide expert advice on drafting and registration of crucial documentation to ensure that your estate reaches its rightful heirs with minimal dispute/litigation and help in succession of your wealth in accordance with various personal succession laws. Our team can also help create a Power of Attorney and maintain your tax liabilities. We are skilled in the drafting of wills and trust deeds. The use of a will for family estates is often used due to its ease and lack of formalism. The only essentials, practically, are that the testator be of sound mind, and that witnesses are present at the time of writing the will. Our lawyers can help in drafting of wills that can provide clarity on the following:

  • Clarity on who gets assets – what and how much
  • Exclude estranged people
  • Helps in taxation
  • Authenticating a will by the court, known as probate, makes the will bullet-proof
  • A will cannot be challenged in court if all the necessary elements are fulfilled

A trust deed is the most important document for a trust as it conveys the transfer of property to a third party, usually known as a ‘beneficiary’. For trusts and trust deeds, our lawyers can help in the careful drafting of deeds and in following the correct procedure of law. Our lawyers assist with Effective in reducing taxation on capital and income, particularly for the beneficiary. We help in broad categories of trusts such as living trusts, testamentary, funded, unfunded, revocable and irrevocable. Our skilled lawyers can ensure that all bases are covered for an effective and unambiguous trust deed for your beneficiaries. Wills and trusts are not to be seen as competing against one another; this is not an either/or case. Rather, it depends on what works best for your estate. For small estates with uncomplicated assets, a will may be the simplest and most cost-effective choice. A combination of a will and trust can ease financial and administrative burden. Our lawyers can study the type of estate you possess and accordingly guide you on the type of estate planning that best suits your interests and that of your legal heirs.

We would be happy to assist you!

 
By submitting this Helpdesk form that India Law Offices LLP has not solicited any Legal work.